Maritime

Chris Dupin Saturday, August 22, 2015

Blowing in the wind

   Part of a shipment of polyester flags and rubber mats from a Chinese company, Chesta, was damaged or lost when a BNSF train derailed.    An intermodal container containing the cargo arrived from Shanghai in Los Angeles and then was put on a BNSF train for inland carriage to the consignee and owner of […]

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FreightWaves Staff Saturday, August 22, 2015

Who wants to buy NOL?

   Media outlets a few weeks ago, once again, began reporting that Singapore-owned investment company Temasek Holdings is looking to sell Neptune Orient Lines, parent company of ocean carrier APL.    Like many liner companies, APL has been hemorrhaging cash since 2008 when the worldwide economic downturn brought revenues crashing down across the ocean carrier […]

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Chris Gillis Saturday, August 22, 2015

Don’t underestimate the little guys

   There’s been a lot of attention in the news these days about how large logistics services providers are buying up similarly large to midsized counterparts to add to their portfolios.    Since the start of the year, the announcements have come fast and furious. Here’s some of the most notable acquisition plays so far: […]

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Chris Dupin Saturday, August 22, 2015

Flying the U.S.-flag

   “We like the U.S.-flag business, we think it’s a good business to be in,” said Marc Marling, president of Teras Cargo Transport (America).    This summer Teras added a new ship, Norfolk, to its fleet of U.S.-flag vessels, unveiling it during a celebration in July at its namesake city.    The new 19,350-deadweight-ton ship […]

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Chris Dupin Saturday, August 22, 2015

A dredging homerun

   Billions of dollars are spent annually to clear ports and shipping channels of sediment using a variety of dredging vessels.    The Port of Cleveland said 250,000 cubic yards of sediment must be dredged each year from the Cuyahoga River to make it deep enough for large commercial ships — enough material to fill […]

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